Trump to Declare 25% Tariffs on Steel, Aluminum in Escalation of Trade
U.S. President Donald Trump announced on Sunday that he will impose new 25 percent tariffs on all steel and aluminum imports into the United States, in addition to the existing metal duties. This marks a significant escalation in his trade policy overhaul.
TroibNews 
U.S. President Donald Trump announced on Sunday his plans to implement new 25 percent tariffs on all steel and aluminum imports into the United States, adding to the existing metal duties as part of a significant trade policy escalation.
While en route to the NFL Super Bowl in New Orleans, Trump spoke to reporters aboard Air Force One and indicated that he would unveil the new metal tariffs on Monday.
Additionally, he mentioned that reciprocal tariffs would be announced on Tuesday or Wednesday, which would take effect nearly immediately, applying to all countries and aligning with the tariff rates imposed by each country.
"And very simply, it's, if they charge us, we charge them," Trump stated regarding the reciprocal tariff strategy.
According to data from the government and the American Iron and Steel Institute, Canada, Brazil, and Mexico are the largest sources of U.S. steel imports, followed by South Korea and Vietnam.
Canada, blessed with abundant hydropower, is by far the top supplier of primary aluminum to the U.S., providing 79 percent of total imports in the first 11 months of 2024.
"Canadian steel and aluminum support key industries in the U.S. from defense, shipbuilding and auto," posted Canadian Innovation Minister Francois-Philippe Champagne on X. "We will continue to stand up for Canada, our workers, and our industries."
Trump also mentioned that while the U.S. government would permit Japan's Nippon Steel to invest in U.S. Steel, it would not allow Nippon to secure a majority stake.
"Tariffs are going to make it very successful again, and I think it has good management," he commented on U.S. Steel.
Nippon Steel chose not to comment on Trump's latest announcements, as reported by Reuters.
During his first term, Trump enforced tariffs of 25 percent on steel and 10 percent on aluminum imports based on national security concerns, though he later allowed certain trading partners, including Canada, Mexico, and Brazil, to benefit from duty-free quotas.
Under former President Joe Biden, the United States maintained some of the tariff exemptions introduced by Trump and expanded new quotas for the European Union, Britain, and Japan.
On February 1, Trump signed executive orders to impose 25 percent additional tariffs on imports from Canada and Mexico, along with 10 percent increases on imports from China, facing widespread backlash and immediate retaliatory actions. He subsequently paused the tariffs on Mexico and Canada for one month to facilitate negotiations.
Ian Smith contributed to this report for TROIB News
While en route to the NFL Super Bowl in New Orleans, Trump spoke to reporters aboard Air Force One and indicated that he would unveil the new metal tariffs on Monday.
Additionally, he mentioned that reciprocal tariffs would be announced on Tuesday or Wednesday, which would take effect nearly immediately, applying to all countries and aligning with the tariff rates imposed by each country.
"And very simply, it's, if they charge us, we charge them," Trump stated regarding the reciprocal tariff strategy.
According to data from the government and the American Iron and Steel Institute, Canada, Brazil, and Mexico are the largest sources of U.S. steel imports, followed by South Korea and Vietnam.
Canada, blessed with abundant hydropower, is by far the top supplier of primary aluminum to the U.S., providing 79 percent of total imports in the first 11 months of 2024.
"Canadian steel and aluminum support key industries in the U.S. from defense, shipbuilding and auto," posted Canadian Innovation Minister Francois-Philippe Champagne on X. "We will continue to stand up for Canada, our workers, and our industries."
Trump also mentioned that while the U.S. government would permit Japan's Nippon Steel to invest in U.S. Steel, it would not allow Nippon to secure a majority stake.
"Tariffs are going to make it very successful again, and I think it has good management," he commented on U.S. Steel.
Nippon Steel chose not to comment on Trump's latest announcements, as reported by Reuters.
During his first term, Trump enforced tariffs of 25 percent on steel and 10 percent on aluminum imports based on national security concerns, though he later allowed certain trading partners, including Canada, Mexico, and Brazil, to benefit from duty-free quotas.
Under former President Joe Biden, the United States maintained some of the tariff exemptions introduced by Trump and expanded new quotas for the European Union, Britain, and Japan.
On February 1, Trump signed executive orders to impose 25 percent additional tariffs on imports from Canada and Mexico, along with 10 percent increases on imports from China, facing widespread backlash and immediate retaliatory actions. He subsequently paused the tariffs on Mexico and Canada for one month to facilitate negotiations.
Ian Smith contributed to this report for TROIB News
